Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-280-000"

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"en.20120613.24.3-280-000"2
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"This regulation is appearing against the backdrop of the financial and sovereign debt crises which the European Union is currently facing. Several Member States (Portugal, Ireland, Greece and, this week, Spain too) have requested financial assistance. I support the Commission’s proposal which stipulates that a Member State which uses the euro as its currency must be subject to increased supervision when experiencing or at risk of experiencing severe financial upheaval. The situation needs to be quickly restored to normality and the other Member States in the euro area need to be protected against any negative spillover effects. My country, Romania, is not part of the euro area yet, but its economy is closely bound to that of the countries which have adopted the single currency. Therefore, any imbalance in the euro area is also felt immediately on the Romanian markets. This is why I think that the countries which are not part of the euro area or are in the process of joining (Romania would like to join the single currency) must also be involved in the codecision process."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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